"The debt is like a cancer," Democrat Erskine Bowles told the governors. "It is going to destroy the country from within."
Really?????? We needed a blue ribbon committee to figure this one out.
Boy Skippy is something else. I suppose Skippy thinks those cooked books Bill did claiming to have a surplus were more realistic than Enron's.
Typical Morgan Stanley pos.
My question is what's up with $1.5T our government has borrowed above and beyond the budget over the last 4 years?? - http://www.zerohedge.com/article/june-deficit-fails-account-142-billion-excess-june-borrowings-us-has-issued-15-trillion-exce
Off balance sheet defense spending? I don't know what it is, but it needs to be a part of the reported debt and deficits.
or
to post comments
A resource for planning for & reacting to the unexpected (storms, natural disasters and other shocks)
Members to support one another in investing endeavors
Preparing those people on Ise Lodge (Kettering) Northants, interested in the future post fossil fuel.
A meeting place for all who are interested in building or sharing a resilient lifestyle up here in the North.
A group to form alliances for survival
WASHINGTON (AP) -- The federal deficit has topped $1 trillion with three months still to go in the budget year, showing the lasting impact of the recession on the government's finances.
In its monthly budget report, the Treasury Department said Tuesday that through the first nine months of this budget year, the deficit totals $1 trillion. That's down 7.6 percent from the $1.09 trillion deficit run up during the same period a year ago.
http://finance.yahoo.com/news/Federal-budget-gap-tops-1-apf-3046787518.h...